OG Anunoby Signs Five-Year Contract With Knicks

JULY 6: Anunoby’s new five-year contract is official, the Knicks announced today in a press release (via Twitter).

“Since his arrival in New York, OG has personified the type of player and teammate the organization and city embody,” president of basketball operations Leon Rose said in a statement. “OG’s offensive and defensive presence is undeniable and was a huge part of our success last season. We are thrilled to bring OG back to New York and continue the process of building a team and culture that makes our fans proud.”

Anunoby received a 15% trade kicker in the deal, tweets Fred Katz of The Athletic.


JUNE 26: Free agent forward OG Anunoby intends to sign a five-year contract worth $212.5MM to remain with the Knicks, reports Adrian Wojnarowski of ESPN (Twitter link).

The deal, which can be officially completed once the moratorium period ends on July 6, will feature a fifth-year player option and a trade kicker, according to Wojnarowski. It will be the largest contract in Knicks history, tweets Steve Popper of Newsday.

It’s the second huge move the Knicks have made in the past 24 hours. On Tuesday night, the team reached an agreement with the Nets to acquire Mikal Bridges for a package that includes five future first-round picks and a pick swap. Between Bridges and Anunoby, New York will head into the 2024/25 season armed with two of the league’s best three-and-D players on the wing.

The Knicks acquired Anunoby from Toronto in December for a package headed by Immanuel Quickley and RJ Barrett. The former Raptor made an immediate impact with his new team, helping New York win 12 of his first 14 games before an elbow injury sidelined him for several weeks.

Anunoby had a positive on/off-court rating in each of the 23 regular season games he ended up playing for the Knicks, with the club registering an incredible +21.7 net rating during his 802 minutes on the court. Both the Knicks’ offensive rating (122.6) and defensive rating (100.9) during those minutes would’ve ranked first in the NBA.

In 50 total games for New York and Toronto last season, Anunoby averaged 14.7 points, 4.2 rebounds, 2.1 assists, and 1.4 steals in 34.0 minutes per game, with a shooting line of .489/.382/.753. He made the All-Defensive Second Team in 2023 but didn’t qualify in 2024 due to the NBA’s new 65-game rule.

Injuries have long been a issue for the defensive star, who has missed 29, 34, 15, and 32 games in the past four regular seasons and was unavailable for most of the Eastern Conference semifinals vs. Indiana due to a hamstring ailment. Those health concerns were thought to be a factor that might keep his overall payday this offseason in check, but that certainly won’t be the case.

While Anunoby isn’t signing a maximum-salary deal (which would have been worth a projected $245MM+), his deal with the Knicks will average $42.5MM per season, based on Wojnarowski’s report, which is higher than his projected maximum starting salary ($42.3MM). The five-year, $212.5MM contract will also exceed the maximum offer that any rival suitor could have made to the 26-year-old ($182MM over four years).

According to Ian Begley of SNY.tv (Twitter link), Anunoby might have had max offers on the table from other suitors, but wanted to help build a title contender in New York.

Anunoby had been the No. 5 free agent on our top-50 list. Three players in our top 10 – Anunoby, his former teammate Pascal Siakam, and Kings guard Malik Monk – have now reached tentative agreements to remain with their current teams ahead of the start of the free agent period on Sunday.

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